Consider the following financial statement information for the Bulldog Icers Corp.: Item Beginning Ending Inventory $ 18,567 $ 20,515 Accounts receivable 20, 281 23,771 Accounts payable 16,736 18,814 Net sales $ 255, 750 Cost of goods sold 145, 012 Calculate the operating and cash cycles. (Do not round intermediate calculations. Round the answers to 4 decimal places.) Operating cycle days Cash cycle days.
Consider the following financial statement information for the Bulldog Icers Corp.: Item Beginning Ending Inventory $ 18,567 $ 20,515 Accounts receivable 20, 281 23,771 Accounts payable 16,736 18,814 Net sales $ 255, 750 Cost of goods sold 145, 012 Calculate the operating and cash cycles. (Do not round intermediate calculations. Round the answers to 4 decimal places.) Operating cycle days Cash cycle days.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Consider the following financial statement information for the Bulldog Icers Corp.:
Item Beginning Ending
Inventory $ 18,567 $ 20,515
Accounts receivable 20, 281 23,771
Accounts payable 16,736 18,814
Net sales $ 255, 750
Cost of goods sold 145, 012
Calculate the operating and cash cycles. (Do not round intermediate calculations. Round the answers to 4 decimal places.)
Operating cycle
days
Cash cycle
days.
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